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2004-25691 Reso RESOLUTION NO. 2004-25691 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR 2004/05. WHEREAS, for the purpose of providing security services within the Normandy Shores neighborhood area, the Mayor and City Commission adopted Ordinance No. 93-2881 on October 20,1993, which authorized the creation of the Normandy Shores Local Government Neighborhood Improvement District (District); and WHEREAS, for the purpose of providing security services within the District, a final budget has been developed to fund projected Fiscal Year (FY) 2004/05 operating expenses; and WHEREAS, the final operating budget has been reviewed by the Board of Directors of the District (Board) to assure its content and scope; and WHEREAS, on September 28, 2004, pursuant to Section 200.065 of the Florida Statutes, a public hearing was held before the Mayor and City Commission, acting as the Board, to discuss the operating millage rate and operating budget for the District for FY 2004/05. NOW, THEREFORE, BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, that the Board hereby adopts the final operating budget for the District for FY 2004/05 as summarized herein and listed below: Revenues Ad Valorem Tax City's General Fund Total $ 92,301 44.362 $136,663 Expenses Security Service Add'l cameras & contingency Maintenance Total $107,200 9,863 19.600 $136.663 PASSED and ADOPTED this ber, 2004. ATTEST: ~r~ S CRET ARY TO THE DISTRICT APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION 11 U lM.()hPj~ ~-fl/~()'-I I~ Date CITY OF 'MIAMI BEACH COMMISSION ITEM SUMMARY m Condensed Title: A resolution adopting the final operating budget for the Normandy Shores Local Government Neighborhood Improvement District for fiscal year 2004/05. Issue: Shall the Mayor and City Commission, acting in its capacity as the Board of Directors for the Normandy Shores Local Government Neighborhood Improvement District, adopt the final operating budget for the District for fiscal year 2004/05 in the amount of $136,663? Item Summary/Recommendation: The Administration recommends adopting the final operating budget for the Normandy Shores Local Government Neighborhood Improvement District for Fiscal Year 2004/05. IAdVISO'" Bo..d Recommenda.on, Financial Information: Source of Amount Account Approved Funds: 1 $92,301 Normandy Shores District IF;~.J 2 44,362 General Fund 3 4 Total $136,663 City Clerk's Office Legislative Tracking: I Si n-Offs: Department Director Assistant City Manager City Manager AGENDA ITEM ~7~2 DATE 91lt..of( CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.miami-beach.fl.us COMMISSION MEMORANDUM TO: Mayor David Dermer and Members of the City Commission DATE: September 28, 2004 FROM: Jorge M. Gonzalez \ '"^~ City Manager CJ 0 SUBJECT: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR 2004/05. ADMINISTRATION RECOMMENDATION Adopt the Resolution which establishes the final operating budget for the District for Fiscal Year (FY) 2004/05. BACKGROUND The Normandy Shores Local Government Neighborhood Improvement District, a dependent taxing district of its principal, the City of Miami Beach, was established in 1994 to provide continual 24-hour security to this gated community; FY 2004/05 represents its eleventh year of operation. It was established by Ordinance 93-2881, and has the authority "to levy an ad-valorem tax on real and personal property of up to two mills, provided that no parcel of property will be assessed more than $500 annually for such improvements". However, on August 29, 2002, the Administration met with the Normandy Shores Local Government Neighborhood Improvement District representatives and agreed to eliminate the $500 cap on the highest valued home in the District. The enabling legislation was adopted by the Commission on September 25, 2002. This ensures that the City's contribution from the General Fund remains at 35% of the operating budget of the District. During FY 1998/99, the amount of annual funding to be provided by the City and the dependent status of the District were issues discussed by the Finance and Citywide Projects Committee. A determination was reached that the City would fund 35% of the annual cost of the operation of the community guard gate. This cost will eventually be funded from the golf course operation of the Normandy Shores Golf Course. The City Attorney's Office is reviewing the issue regarding the dependent status of the District. It was further agreed that the City would continue to supplement the District at current levels until both issues were resolved. Normandy Shores FY 2004/05 Final Budget September 28, 2004 Page Two A meeting was held on July 21, 2004 between the Normandy Shores Local Government Neighborhood Improvement Committee and the Administration to discuss additional needs of the neighborhood. The Committee unanimously approved an increase to the budget of $9,863 to pay for additional security cameras and a small contingency. This additional amount will be paid by establishing the millage at the current rate 0 f 1 .123 which will generate revenues of $92,301. At the July 28, 2004 Commission meeting, the Mayor and Commission adopted Resolution 2004-25633, which set the proposed operating millage rate for the District at 1 .123 mills. PROCEDURE The operating millage and budget for this dependent special taxing district must be adopted in accordance with Florida Statutes. This procedure requires that this Resolution be considered immediately after the final millage for Normandy Shores District has been adopted (See accompanying Agenda Item R7B 1 for details). ANALYSIS On September 9,2004, the Mayor and City Commission tentatively adopted the operating budget for the District in the amount of $136,663 and an operating millage of 1.123 mills. This millage includes 1.003 mills to provide the current service level of security required by this district in the amount of $126,800. This is comparable to the current year end projections. The remaining 0.120 mills will pay for additional security cameras and a small contingency at a cost of $9,863. Revenues of $92,301 which will be generated from ad- valorem tax proceeds will be supplemented by a contribution from the General Fund in the amount of $44,362 or 35% of the operating budget ($126,800) for the current service levels. The General Fund has funded this difference for each of the ten years since the District was established. The amount provided by the General Fund for this purpose in FY 2003/04 was $44,042. The final operating budget for the District is as follows: Revenues FY 04/05 FY 03/04 Ad Valorem Tax $ 92,301 $ 81,758 City's General Fund 44,362 44,042 Total $136,663 $125,800 Expenses Security Service $107,200 $107,200 Add'l cameras & contingency 9,863 0 Maintenance 19.600 18.600 Total $136.663 $125.800 CONCLUSION The City Commission, acting in its capacity as the Board of Directors of the Normandy Shores Local Government Neighborhood Improvement District, should adopt the attached Resolution which establishes the final operating budget. JMG:KGB:JC